Income

Your ride-sourcing business income is the total fare passengers pay for their travel and any other payments such as bonuses or incentives you receive from your platform.

Your passengers pay you for your business service via the ride-sourcing app.

You may also be earning other types of income from salary and wages (like a part-time job) or other business income.

Your total income may include:

  • interest you receive from banks
  • some payments you receive from Services Australia
  • dividends you were paid from holding shares
  • other investment income
  • foreign income – including overseas rental income and internet sales
  • other business income – for example a second business.

Introduction to ride-sourcing

Steps Progress

Ride-sourcing overview

5 mins

Ride-sourcing drivers must register for GST

2 mins

Ride-sourcing and tax

7 mins

Pay as you go instalments (PAYGI)

5 mins

myDeductions tool

4 mins

Sharing economy records

1 mins

Related courses

1 mins

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